Argentina's economy is expected to contract by 12% in 2020, a monthly central bank poll of analysts showed on Friday, worse than the previous estimate of a 9.4% decline, as output is ravaged by measures to tame the coronavirus outbreak.Add your comment!
Middle classes in Chile are going through a complicated moment, with many slipping into poverty as long-established inequality was increased by the coronavirus pandemic and overall slowdown of the economy.Add your comment!
Chile's economic activity fell by 15.3% in May from the same month a year ago, the central bank said on Wednesday, hitting yet another historic low as measures to contain the spread of the coronavirus left many out of work and businesses shuttered.1 comment
Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown.
Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in manufacturing.
MSCI Inc, the world’s largest index provider, warned on Tuesday that the MSCI Argentina Index could be removed from the MSCI Emerging Markets Index should it become harder for foreign investors to access its stock market.
Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.
Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.
Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.
The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.